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FROM THE EDITOR

Christine Serlin, Editor
cserlin@hanleywood.com

Honoring the Young Leaders and Pioneers of the Industry

We think it’s important at Affordable Housing Finance to pay tribute to those industry leaders who have been trailblazers in serving low-income Americans throughout their careers as well as the up-and-coming leaders who are ushering in new ways of doing things and helping to build organizations and affordable housing.

We created the Affordable Housing Hall of Fame in 2006 and have inducted 21 pioneers and leaders from different sectors of the industry, including Enterprise’s Bart Harvey, Rep. Barney Frank, Nixon Peabody’s Chuck Edson, National Council of State Housing Agency’s John McEvoy, Richard Baron of McCormack Baron & Salazar, and the late Terrence Duvernay, who headed the Michigan State Housing Development Authority and the Georgia Housing Finance Agency.

Affordable Housing Finance only has been recognizing the young leaders of the industry for the past two years. But we’ve seen a lot of commitment and excellence out of these 27 rising stars who represent the development, finance, and policy sides of the industry.

Now it’s time to select the next round of inductees for the Hall of Fame and the 2010 Young Leaders. They will be featured in the October “Leadership Issue” of Affordable Housing Finance and honored at a luncheon at the conclusion of AHF Live: The 2010 Affordable Housing Developers’ Summit, Nov. 3-5, at the Fairmont Millennium Park in Chicago.

Please think about those who have made a difference over the years as well as those who are starting to make changes in the industry today. Send your nominations for the Hall of Fame and Young Leaders to me at cserlin@hanleywood.com by June 2.

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WEB EXCLUSIVE

Citi Pilots California Bond Program

California officials and representatives of Citi have come up with an innovative plan to restart construction lending for affordable housing projects in the state.
FULL ARTICLE

Google Invests in LIHTCs

Union Bank announced an innovative arrangement with the well-known Web firm to finance affordable housing in California.
FULL ARTICLE

Ex-GSE Insiders Debate the Future of Fannie, Freddie

The entire structure of the nation’s housing finance system is up for play as Congress begins its debate on the future of Fannie Mae and Freddie Mac. But the next generation of housing finance will be forged at a time when partisan divides are as deep and heated as at any time in recent history.
FULL ARTICLE

Housing Moves Further Out of Reach

Wages are falling and rents are rising to create an increasingly wide gap in how much people earn and the amount needed for an affordable, decent home, according to the National Low Income Housing Coalition.
FULL ARTICLE

Boston Capital Closes $224.5 Million Fund

Boston Capital announced the closing of Boston Capital Tax Credit Fund XXXII, a portfolio of 36 affordable housing properties in 16 states with a total fund size of $224.5 million.
FULL ARTICLE

PNC Closes $71 Million LIHTC Fund

PNC has closed a $71 million low-income housing tax credit fund for developments in eight states.
FULL ARTICLE

Raymond James Invests in HOPE VI Project

Raymond James Tax Credit Funds announced that it is providing nearly $12 million in low-income housing tax credit equity for the construction of McKenzie Court Phase II in Tuscaloosa, Ala.
FULL ARTICLE

Cyndi Lauper, West End Begin Project for Homeless Gay Youths

Singer Cyndi Lauper is one of the forces behind a trailblazing affordable housing development that’s under construction in Central Harlem.
FULL ARTICLE

North Dakota Awards LIHTCs

The North Dakota Housing Finance Agency has reserved $2.4 million in low-income housing tax credits to five developers to build or rehabilitate 177 housing units.
FULL ARTICLE

GREEN SCENE

Guest Commentary: Climate Change Solutions Within Industry’s Reach

April 22 marked the 40th anniversary of Earth Day, which was launched in 1970 as a grassroots rallying cry to recognize the degradation our human impact was having on the planet. The urgent need to harness renewable energy at a large scale and to curb climate-changing greenhouse gas emissions has been underscored recently through several high-profile events. Earth Day fell during the same month this year as the death of 29 West Virginia coal miners and as earthquakes and tornadoes devastated communities both globally and locally.
FULL ARTICLE

AHF's April/May Digital Edition

Now available: Affordable Housing Finance's newest flipbook edition! See the April/May 2010 issue as it appeared in print; search the entire issue by keyword; link specific pages to Facebook, Digg, and Delicious; and connect with advertisers. You can even save the issue hard drive for when you're not online. It's a 21st century take on an old-school experience.

ANNOUNCEMENTS

Call for 2010 Young Leader Nominations

Think about the young people you have met in your work and help us identify those special individuals who you think can build organizations, lead programs, usher in new ways of doing things, and solve common problems in the affordable housing industry. Affordable Housing Finance is looking for people from all disciplines, whether its development, finance, law, accounting, or government program administration who are younger than 40. They don’t have to be workaholics, but they need to be dedicated and hard-working people who have demonstrated that they are committed to the mission of affordable housing and community development.

To nominate someone, please e-mail Christine Serlin at cserlin@hanleywood.com telling us why you think the person has leadership ability, making sure to tell us the following:
• where they work and job title
• how you know them, and for how long
• how long they have worked in the industry
• what qualities make them potential leaders
• what you know about their philosophy, purpose, or career goals
• outstanding specific accomplishments that show leadership skill
• their age, if you know it
• their contact information
• their resume, if you have it
We suggest you keep your nomination confidential, as will we. We will be selective in determining who to profile in the magazine, so we don’t want to raise anyone’s hopes. Nor do we want this to be viewed as a career-advancement or resume-building tool. Deadline for nominations is Wednesday, June 2, 2010.

HOUSING FINANCE ONLINE SURVEY

Environmentally friendly strategies are becoming more prevalent in affordable housing. Affordable Housing Finance wants to know your views on the subject as well as the latest green and sustainable strategies that you’re using. The results will be used as part of the green special focus in the June issue of Affordable Housing Finance.

Click Here to take survey

Previous survey results: Health Care Reform

HOUSING FINANCE
SOCIAL NETWORK

AHF Blog
Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of AFFORDABLE HOUSING FINANCE here.

AHF Launches
LinkedIn Group
Affordable Housing Finance has launched a LinkedIn group, giving readers another venue to network and dialogue with one another about the industry's issues.

AHF's Facebook Group
Affordable Housing Finance has launched a Facebook
group, allowing readers the opportunity to network and dialogue with one another about the industry's issues, while following the latest developments from the magazine.

Follow AHF on Twitter
Affordable Housing Finance readers can also follow breaking news and industry updates on twitter.com/AHFMag.

Contact

To reach AFFORDABLE HOUSING FINANCE Editor Christine Serlin, please e-mail cserlin@hanleywood.com

To reach AFFORDABLE HOUSING FINANCE online editor Spencer Markey, e-mail smarkey@hanleywood.com.

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